Stories

  • "[They] have ulterior (non-fiduciary) motives to keep their 'sheriff badges' pinned onto their pinstriped lapels, and as such do not appear willing to resign on their own volition."

    December 15, 2006

    --Robert Chapman, head of Chapman Capital, on why he is calling for the removal of directors from Vitesse Semiconductor Corporation.

  • Buenos Aires Firm To Open N.Y. Office

    December 15, 2006

    Cima Asset Management, a Buenos Aires-based hedge fund manager, is in the process of opening an office in New York and has hired a Morgan Stanley private wealth pro, Gerry Noejovich, to head the effort.

  • Chapman Calls For Vitesse Directors' Heads

    December 15, 2006

    Chapman Capital, the activist firm run by Robert Chapman, is calling for the removal of two board members from troubled Vitesse Semiconductor Corporation.

  • Citi Lines Up Sales Pro For German Market

    December 15, 2006

    Citigroup Alternative Investments has lined up an individual to focus on institutional sales in Germany.

  • Council Hires BGI For Transition

    December 15, 2006

    Bath & North East Somerset Council has hired Barclays Global Investors as transition manager for the £2 billion Avon Pension Fund it administers, according to AIN sister publication Global Money Management.

  • Credit Suisse Private Bank Plans Alts Growth

    December 15, 2006

    Credit Suisse Private Bank plans to expand its alternative investments platform and has brought on board Hugh Neuburger, previously managing director with the bank's asset management division, to spearhead the efforts, reports AIN sister publication Private Asset Management.

  • Ex-Soros Group Returns 30%+ In Year One

    December 15, 2006

    In a year when many hedge funds, particularly fixed income strategies, have underperformed market indexes, George Soros' former credit group Camulos Capital has returned more than 30% in its first full year of trading.

  • Goldman Team Readies Asian L/S Strat

    December 15, 2006

    A cadre of officials from Goldman Sachs has formed Citta Capital Management and is planning to launch a long/short fund that will invest in Asian equities.

  • Goldman, Cargill Scope Retooling Ex-Enron U.K. Plant

    December 15, 2006

    Goldman Sachs and Cargill, part of a group that owns northeast England generation facility Teesside, are looking at restructuring the 1.875 GW facility, which was originally developed by Enron, reports AIN sister publication Power Finance & Risk.

  • Homm's Firm Mulls Acquiring ABL, Real Estate Funds

    December 15, 2006

    Florian Homm's Absolute Capital Management is considering acquiring boutiques focused on asset-based lending (ABL) and real estate as the Palma de Mallorca, Spain-based firm expands out of long/short strategies for the first time.

  • John Henry Rebounds In November

    December 15, 2006

    Managed futures giant John W. Henry & Company bounced back in November after a tough showing the previous month.

  • Living On The Hedge...

    December 15, 2006

    An occasional column by Logan Short, an astute industry observer.

  • London Scheme Makes Maiden Foray Into Private Equity

    December 15, 2006

    The £580 London Borough of Haringey Superannuation Fund is seeking to hire its first private equity manager for a £29 million brief, reports AIN sister publication Global Money Management.

  • Long/Short Hedge Funds

    December 15, 2006

    The table below displays some of last month's top performing long/short managers, according to data provided by Eurekahedge.

  • Mandate Scoreboard

    December 15, 2006

    The table below shows in $ millions new allocations gained by alternative managers last month.

  • New Mexico Begins Hedge Fund Searches

    December 15, 2006

    The $12 billion New Mexico Public Employees Retirement Association, which earlier this year set a 5% target hedge fund allocation, will start seeking managers in earnest next month, reports AIN sister publication Money Management Letter.

  • Owl Creek Keeps Pressure On Northwest

    December 15, 2006

    Owl Creek Asset Management, the New York hedge fund firm run by Jeff Altman, is ratcheting up the pressure on Northwest Airlines after the airline moved to hire advisory firm Evercore Partners to explore strategic alternatives.

  • Pension, Far East Investors Seen Driving Commodities Inflows

    December 15, 2006

    Large U.S. pensions like CalPERS are combining with budding interest from Asian investors, particularly those in Korea and Japan, to drive the next wave of inflows into commodities-linked investments, according to Barclays Capital.

  • Pentium Plans ABL FoF

    December 15, 2006

    Pentium Fund, a $500 million Swiss hedge fund firm, will launch an asset-based lending fund of funds early next year.

  • Secondary Market Index

    December 15, 2006

    The Hedgebay Secondary Market Premium Index (SMPI) is a proprietary, asset-weighted index derived from secondary market transactions in non-U.S. based hedge funds effected by or through Hedgebay Trading Corporation and properly authorized broker-dealer licensees.

  • Shooter Reopens Flagship

    December 15, 2006

    London's Shooter Fund Management is reopening its flagship Shooter Multi-Strategy Fund after seven months.

  • Side Letters In SEC Enforcement Sights

    December 15, 2006

    The Securities and Exchange Commission is homing in on hedge funds' side letters, reports AIN sister publication Compliance Reporter.

  • Swiss Start-Up To Target Institutions

    December 15, 2006

    Rose & Sky Investments, a Pfäffikon, Switzerland-based start-up hedge fund firm, will make its first push for assets early next year and will begin by targeting institutional investors.

  • Threadneedle Lines Up Strategy Pro

    December 15, 2006

    Threadneedle Investments, the London-based asset management firm, has lined up a new investment specialist.

  • U.S. Trust Creates Alternative Slot

    December 15, 2006

    U.S. Trust has tapped David Upson, former managing director with Fairfield Greenwich Group, as managing director and senior hedge fund research analyst for firm subsidiary CTC Consulting, according to AIN sister publication Private Asset Management.

  • Westchester Shop Opens Fund To Outside Investors

    December 15, 2006

    Bronxville, N.Y.-based Wheelhouse Capital is opening its Wheelhouse Partners I fund to outside investors next month.


 

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